March 05, 2010

Any More Concessions and Back-Pedaling?


Wow, it was certainly good news that the government has withdrawn the Mycard tiered subsidy scheme for petrol. Now, they are telling us that petrol will be increased gradually.

I have also heard that traffic fines and compounds for traffic offenses have been reduced comfortably as seen in the latest web-site of our local Police.

Also Socso recipients have got an increase of their payout from below 1% to 11%. A bonanza for some, I guess in the current times when interbank interest rates have just been increased to 2.25%

I wonder what else is coming our way? A better dividend for EPF as well as for Amanah Saham Malaysia which will be announced in March?

Hey, I also heard civil servants are awaiting news of the new pensionable age at 60!

Is it because of the impending Sarawak State elections or is it because of a possible snap elections at the federal level late this year or in 2011 that we are getting these goodies?

We are pregnant with expectation.

2 comments:

Family of Four said...

EPF just announced a 5.65% dividend rate for 2009.

JamesKYTan said...

Since SOCSO recipients have extra payout of > 1% to 11%, I hope that my father-in-law and brother-in-law would receive theirs at 11%.